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Cyber Security

The Cybersecurity Threats That Keep Banks Alert

In the current climate of major data breaches amidst an ever-shifting cyber threat landscape, the people in charge of vast volumes of valuable financial data are under increasing pressure to keep customer data safe from hackers and fraudsters. Speaking at the SWIFT Business Forum in London at the end of April, a range of senior security professionals at financial services firms and ... Read More »

Unprecedented Cyber Attack Hit UK Healthcare Services

Security Experts Dash to Contain Ransomware Attack.  Sensitive data exposed by deep flaws at the heart of the interconnected global digital economy.  Over 150 countries affected. Authorities around the world are scrambling to tackle one of the most virulent cyber attacks to date, as fears mount over the safety of huge amounts of sensitive data, ranging from medical records to ... Read More »

B20 Policy Recommendations: Shaping an Interconnected World

On May 3rd, 2017, the B20 has officially handed over its Policy Recommendations to German Chancellor Angela Merkel at the B20 Summit in Berlin. The recommendations are the product of a yearlong process of our seven Taskforces and Cross-thematic Groups, which comprise over 700 members from all G20 economies. Developed under the theme “Building Resilience – Improving Sustainability – Assuming ... Read More »

To Stop Data Breaches, Start with Databases

Large-scale data breaches have become so common that even tens of millions of records leaking feels unremarkable. One frequent culprit that gets buried beneath the headlines? Poorly secured databases that connect directly to the internet. While companies commonly use these databases to store tempting troves of customer and financial data, they often do so with outdated and weak default security ... Read More »

German Cyber Crime Rose 80% in 2016 According to the Latest Statistics Issued by German Ministry of Interior

The German government registered 82,649 cases of computer fraud, espionage and other cyber crimes in 2016, as compared to 2015 statistics of 45,793, an increase of just over 80 percent from 2015.  The German Interior Minister Thomas de Maiziere released the new statistics, as part of the government’s annual crime report on Monday April 24, 2017.  Only 38.7% of the ... Read More »

Cybersecurity Breaches Cost UK Businesses Close To £30bn Last Year

New research published by Beaming, a business ISP, reveals that more than half (52 percent) of British businesses fell victim to some form of cyber-crime in 2016.  Beaming’s study, which was conducted by researchers at Opinium, indicates that 2.9 million UK firms suffered cyber-security breaches nationwide last year, at a cost of £29.1 billion. Computer viruses and phishing attacks were the most ... Read More »

US Government Policy on Cybersecurity

The United States Government is expected to push for increased cybersecurity spending in US government, but also for increased digital surveillance and encryption work-arounds. That’s the view of some cyber-security policy experts, who said they expect the US to focus on improving cybersecurity at federal agencies while shying away from new cyber-security regulations for businesses. The US is likely to ... Read More »

Why SMEs Need Cyber Insurance

Almost three-quarters of small and medium-sized businesses have suffered a security breach, and a report from the Federation of Small Business (FSB) says cybercrime targeting small and medium-sized businesses costs the UK an estimated £5.26bn a year.  The report also notes that it costs small businesses disproportionately more than big businesses, when adjusted for organisational size. Mike Cherry, National Chairman of the ... Read More »

Cyber Insurance: 7 Questions to Ask

Cyber insurance is a growing field putting business and security leaders to the test as they navigate the often tricky process of researching and purchasing policies. Technology is quickly changing, and so is risk.  Insurance for cyber-security is different from other types of insurance because the nature of threats is constantly changing. A hurricane doesn’t change intensity because a building ... Read More »

Keep the Date: BIIA 2017 Biennial Conference Bangkok, Thailand October 18 to 20, 2017

BIIA Biennial Conference 2017

BIIA invites its members from the business and credit information industry, users of information services, government policy makers and regulators to attend the BIIA 2017 Biennial Conference, where we intend to discuss disruptive technologies  impacting our industry and the businesses of our customers. Venue: The Okura Prestige Hotel, Bangkok Thailands October 18, 2017: 13:00 hrs:  Registration opens 17:00  hrs: Membership ... Read More »

No Easy Fix For SME Cybersecurity

Small and medium sized businesses are frequent targets for cyber-attacks and their results can be devastating, but there’s no quick fix, advocates told lawmakers during a recent hearing.  There’s no uniform standard these businesses can adopt to ensure they won’t suffer a cyber breach, denial-of-service or ransomware attack or to ensure they won’t be pummeled with financial losses and lawsuits ... Read More »

Data Breaches Attack All Parts Of A Business

Data breaches are an enterprise problem involving legal counsel, human resources, corporate communications and other incident response (IR) stakeholders, say Verizon. This is based on Verizon’s Data Breach Directory (DBD) case files that provide most of the data for its Data Breach Investigations Report (DBIR), and the latest report lists the 16 most common or lethal data breach scenarios from the point ... Read More »

Healthcare Starts Spending Big On Cybersecurity

Over 80% of US healthcare organizations and 76% of global healthcare organisations will increase information security spending in 2017, reflective of a rapid transition to electronic health records and increasingly digitized personal health data. The spending comes with the recognition that digitisation is a double-edged sword.  According to the 2017 Thales Data Threat Report, Healthcare Edition, requirements in the US ... Read More »